NEW YORK, September 17, 2015 /PRNewswire/ --

ACI Association has initiated research coverage on Mondelez International, Inc. (NASDAQ: MDLZ). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.

Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/reports?keyword=MDLZ  

Highlights from our MDLZ Report include:

• Strong Second Quarter Results - On July 30, 2015, Mondelez International, Inc. (Mondelez), the maker of Cadbury chocolate and Oreo cookies, announced results for the second quarter ended June 30, 2015. Demonstrating strong quarterly performance, the Company reported robust expansion in adjusted operating income margin, healthy growth in adjusted EPS on a constant currency basis, apart from firm growth in organic net revenue.

• Net Revenue Beats Analysts' Estimates - Beating the Zacks Consensus revenue estimate of $7.48 billion by 2.4%, net revenue arrived at $7.66 billion in Q2 2015, down 9.2% YoY. Aided by higher prices, organic net revenue saw a 4.3% YoY jump. Organic revenue in the emerging markets grew by 9.7%, while in developed markets it grew by 0.9%. Meanwhile, power brands registered an organic growth of 6.6% YoY in Q2 2015. Volume/mix, however, was unfavorable due to price elasticity as well as strategic decisions to exit certain low-margin product lines.

• Firm Growth in Margins and Bottom-line - For Q2 2015, adjusted gross profit margin expanded 330 basis points (bps) YoY to 40.2%, supported by record net productivity and mark-to-market benefits from commodity and currency hedging. Further, adjusted operating margin increased 270 bps YoY to 15.2%. Driven by higher operating income, adjusted EPS grew 37.5% YoY increase on constant currency basis in Q2 2015. Adjusted EPS for the quarter beat the Zacks Consensus EPS estimate of $0.39 million by 20.5%.

• Outlook for Second Half and Full Year - For H2 2015 and the full year, Mondelez expects an increase of at least 3% in organic net revenue, compared to its previous guidance of at least 2% including the coffee business. Adjusted operating income margin is expected to increase approximately 14% in 2015, excluding negative impact from stranded overhead costs. The Company previously targeted an adjusted operating income margin of approximately 14%, including the coffee business. In H2 2015, the adjusted operating income margin is expected to grow at least 14%. The Company reaffirmed its adjusted operating income margin target of 15% to 16% for 2016. Further, the management expects the adjusted EPS to see double digit growth in 2015 on a constant currency basis.

To find out how this influences our rating on Mondelez International, Inc., read the full report in its entirety here: http://www.aciassociation.com/?c=MDLZ

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